Funding arb · Price arb /

AVGO

RWAall AVGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.102%

Price spread now: Bybit against Phoenix−0.094%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.094% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AVGO	361.23	0.0420	pay 0.0052% / 1h	21m 02s	$31K	$18K	10x
Short	Bybit AVGOUSDT	360.89	0	get 0.0000% / 8h	7h 21m	$6.6M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BybitbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$88.13
Price spread: −0.094% → 0.000%: −$9.41
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$115.54
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.94 bp	11.4 bp −$11	43.5 bp −$435	doesn't fit	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVGO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVGO/USDC PERP	−0.0220%	1h	361.32	+0.025%	$2K	$2K	12x	as long as short
BloFin AVGO-USDT	−0.0016%	8h	361.05	−0.050%	$542K	$317K	20x	as long as short
Aster AVGOUSDT	0.0000%	8h	361.00	−0.064%	$903K	$12K	20x	as long as short
Extended AVGO-USD	0.0000%	1h	360.85	−0.106%	$58K	$465K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	360.96	−0.074%	$34.0M	$63.6M	20x	as long as short
Bybit AVGOUSDTshort	0.0000%	8h	360.89	−0.094%	$6.6M	$3.2M	50x
OKX AVGO-USDT-SWAP	0.0000%	8h	361.16	−0.019%	$10.4M	$15.4M	20x	as long as short
Gate AVGO_USDT	0.0000%	8h	360.96	−0.075%	$6.6M	$6.6M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	361.09	−0.039%	$7.8M	$4.2M	20x	as long as short
Variational Omni AVGO	0.0000%	8h	360.45	−0.215%	$422K	$292K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVGO_USDT_Perp	0.0000%	8h	360.76	−0.130%	$3K	$213K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	360.93	−0.083%	$801	$4.0M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	361.13	−0.028%	$108K	$96K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	361.02	−0.058%	$1.5M	$1.6M	10x	as long as short
Lighter AVGO	+0.0032%	1h	360.74	−0.136%	—	—	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	360.73	−0.138%	—	$9K	25x	as long as short
QFEX AVGO-USD	+0.0050%	1h	360.89	−0.094%	$1.1M	$4.0M	10x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	360.68	−0.152%	$490K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	360.36	−0.241%	$274K	$317K	10x	as long as short
Paragon para:AVGO	+0.0060%	1h	360.60	−0.174%	$2.5M	$296K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	360.99	−0.066%	$1.1M	$99K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	360.53	−0.194%	$20K	$139K	50x	as long as short
Nado AVGO-PERP	+0.0253%	1h	360.69	−0.150%	$110K	$25K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0267%	1h	360.96	−0.075%	$24.2M	$13.9M	10x	as long as short
Phoenix AVGOlong	+0.0420%	1h	361.23	long leg	$31K	$18K	10x
edgeX AVGOUSDC	+0.0987%	4h	360.78	−0.124%	$37K	$177K	10x	as long as short